• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Thursday, 23 March, 2023
  • Login
topfmonline.com
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
topfmonline.com
No Result
View All Result
Home News

Fuel prices cross GHS8.00 per litre

TOPFM NEWS by TOPFM NEWS
March 2, 2022
in News
A A
0
Fuel prices cross GHS8.00 per litre
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Fuel prices at some fuel stations continue to rise, crossing the GHS8 per litre mark in the first week of March 2022.

This is expected to have a ripple effect on other Oil Marketing Companies, which will also adjust their prices upwards.

Only two weeks ago, fuel prices averaged GHS6.4 per litre as the Price Stabilisation and Recovery Levy (PSRL) was reinstated by the National Petroleum Authority.

The Chamber of Petroleum Consumers’ (COPEC) Executive Secretary, Duncan Amoah, said he had expected the increase to be much higher.

“What Total is currently quoting, GHS8.29 is on the downside. The market figures could have been somewhere around GHS8.70 at this time,” he said on Eyewitness News.

He suggested further that the Oil Marketing Companies may be taking a hit on the recent increase in fuel prices.

“It is quite certain the Oil marketing Companies and the BDCs are themselves taking a shave in the sense that the Cedi is doing so badly at this point,” Mr. Amoah noted.

COPEC had previously warned that if nothing is done by authorities in Ghana, regarding the rising fuel prices on the global market as Russia invades Ukraine, fuel prices could cross the GHs8 mark at the pumps in the first pricing window of March.

The Institute for Energy Security (IES) is also predicting a four percent increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at the pumps in the first pricing window of March.

A barrel of Brent Crude Oil which was going for about $66 a year ago, and $78 at the start of 2022, jumped 7.3% to $103.9 a barrel in February.

This comes after Russian President Vladimir Putin ordered the invasion of Ukraine.

Source: Citi news

Related Posts

Women Urged To Embrace Technology

Women Urged To Embrace Technology

March 23, 2023
1
Printing of Ghana Cards resumes after NIA settles debtors

Printing of Ghana Cards resumes after NIA settles debtors

March 22, 2023
0
Previous Post

Ras Mubarak request Speaker to refer Adwoa Safo, others to Privileges committee over absenteeism

Next Post

Russia-Ukraine war: ‘Some winds blowing in Ghana; signs loud, clear on the wall; let’s not ignore, dare the signs’ – Duncan-Williams

Related Posts

Women Urged To Embrace Technology
News

Women Urged To Embrace Technology

March 23, 2023
1
Printing of Ghana Cards resumes after NIA settles debtors
News

Printing of Ghana Cards resumes after NIA settles debtors

March 22, 2023
0
National Media Commission advocates for legislation to fight misinformation
News

National Media Commission advocates for legislation to fight misinformation

March 22, 2023
0
ECG disconnects Fabrimetal Company over GH¢28m debt
News

ECG disconnects Fabrimetal Company over GH¢28m debt

March 22, 2023
0
B5 Plus Steel company settles GH₵20m out of GH₵42m debt owed ECG
News

B5 Plus Steel company settles GH₵20m out of GH₵42m debt owed ECG

March 22, 2023
0
Refund fraudulent salaries or face the law – Fair Wages warns ahead of nationwide payroll monitoring exercise
News

Refund fraudulent salaries or face the law – Fair Wages warns ahead of nationwide payroll monitoring exercise

March 22, 2023
0
Next Post
Russia-Ukraine war: ‘Some winds blowing in Ghana; signs loud, clear on the wall; let’s not ignore, dare the signs’ – Duncan-Williams

Russia-Ukraine war: 'Some winds blowing in Ghana; signs loud, clear on the wall; let's not ignore, dare the signs' – Duncan-Williams

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

2022 Budget Afghanistan akufo addo Amazon Apiate explosion Appiate apple AT&T Bawku Black Stars covid COVID-19 COVID 19 E-Levy election facebook Ghana Police Service Google Government health Intel iphone Mahama Microsoft Minority momo NDC news NPP Nvidia OMICRON Parliament police Russia security South Africa Taliban tech Tesla US UTAG vaccine vaccines Verizon Xinjiang

Recent Posts

  • Bola Tinubu’s travel abroad is for him to rest – Spokesperson
  • Women Urged To Embrace Technology
  • Pledge to scrap ex gratia: I invite you all including NPP to join me form a consortium – Mahama
  • 2023 Ramadan begins
  • NDC flagbearership: Kwabena Duffour to file nomination form today

Recent Comments

No comments to show.

RECENT NEWS

  • Bola Tinubu’s travel abroad is for him to rest – Spokesperson March 23, 2023
  • Women Urged To Embrace Technology March 23, 2023
  • Pledge to scrap ex gratia: I invite you all including NPP to join me form a consortium – Mahama March 23, 2023
  • 2023 Ramadan begins March 23, 2023

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

Pantang Hospital staff risk their lives to live in dilapidated building
Health

Pantang Hospital staff risk their lives to live in dilapidated building

15 hours ago
0
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2023 Top Media Group - Powered by BackUp Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2023 Top Media Group - Powered by BackUp Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In